51. Contract costing is not used in one of the following industries:
52. The ordinary trading account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .
53. Material losses due to abnormal reasons should be transferred to . . . . . . . . . .
54. Volume variance arises because of:
55. Which of the following is usually as long-term budget?
56. Which inventory costing method is based on the assumption that costs should be charged against revenue in the order, in which they were incurred?
57. Accounting information given by a company is
Total assets turnover = 3 times
Net profit margin = 10%
Total assets = Rs. 1,00,000
The net profit is
Total assets turnover = 3 times
Net profit margin = 10%
Total assets = Rs. 1,00,000
The net profit is
58. Service costing is not used in one of the following:
59. Match the following.
List-I
List-II
a. Short-term
1. . . . . . . . . is a financing activity.
b. Current liabilities
2. Cash flow statement is useful for . . . . . . . . financial planning.
c. Amount of creditors
3. Increase in . . . . . . . . is a source of cash.
d. Payment of dividends
4. Increase in the . . . . . . . . results in increase in cash.
| List-I | List-II |
| a. Short-term | 1. . . . . . . . . is a financing activity. |
| b. Current liabilities | 2. Cash flow statement is useful for . . . . . . . . financial planning. |
| c. Amount of creditors | 3. Increase in . . . . . . . . is a source of cash. |
| d. Payment of dividends | 4. Increase in the . . . . . . . . results in increase in cash. |
60. A favourable variance will arise when capital revenues are . . . . . . . . than expected.
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